SOURCE: Quintek Technologies, Inc.

June 06, 2007 07:00 ET

Quintek Closes Contract for Services to a Hospital Management Corporation and Estimates $500,000 in Potential New Business

Company Will Optimize Human Resources, Accounts Payable, Patient Admissions and Office Administration

HUNTINGTON BEACH, CA--(Marketwire - June 6, 2007) - Quintek Technologies, Inc. (OTCBB: QTEK), a global provider of Business Process Outsourcing (BPO) and best-of-breed technology consulting services, announced today that they closed on a $500,000 opportunity with a Southern California hospital management company. Quintek will be providing Document Management technology and services to optimize workflow, initially at three of the customer's 11 locations. The initial phase is estimated to be valued at roughly $196,000. Quintek will address the Human Resources, Accounts Payable, Patient Admissions and Office Administration Management functions through a fully integrated Document Management and Workflow System.

The Customer is a hospital management company that currently owns and operates eight acute care hospitals and three medical groups in southern California. The solution being provided will facilitate efficiencies throughout the customer's organization; more specifically in the areas of Human Resources Management, Accounts Payable Management, patient admissions and office administration.

The customer has indicated that it is interested in working with Quintek to fully integrate additional locations. Quintek will be utilizing integrated document management technologies, including software and hardware, for a complete end-to-end solution for the customer. The solution will improve business processes and allow for added report management functionality.

James Kernan, Quintek CEO, commented, "This new contract is just one of the many medical projects that we have targeted. With the addition of some of our new team members and expanded manufacturer partnerships, we expect to see this sales pipeline begin to grow." He continued, "With this contract we have designed a holistic technology solution to optimize many areas of the customer's business. Enterprise-wide process improvement is where customers will see the greatest return on their investment." He added, "We look forward to building a long-term relationship with this customer as their trusted business process, document management and technology consultant and delivering for them at all their locations."

About Quintek Technologies, Inc.

Quintek Technologies, Inc. (OTCBB: QTEK), through its wholly owned subsidiaries Quintek Services, Inc. (QSI), and Sapphire Consulting Services, Inc., provides services to enable Fortune 500 and Global 2000 corporations to reduce costs and maximize revenues.

QSI delivers Business Process Outsourcing (BPO) services and solutions that enable companies to secure and manage their key data processing demands with optimal efficiency and minimal costs. As a next-generation technology company, Quintek is unhindered by outdated information technology systems, and thus is able to deploy best-of-breed solutions in all aspects of BPO. Forester Research, Inc. estimates that the market for BPO services will grow from $19 billion in 2004 to $146 billion in 2008. Business Insights, estimated the BPO market as the fastest growing area of the IT services sector. Growing at 8% annually it is expected to grow from $112.1 billion is 2005 to $144 billion in 2008.

Sapphire Consulting Services, Inc. offers a broad range of supply chain management consulting services. Sapphire assists organizations to create a higher level of customer satisfaction, enhance supply chain capability and achieve consistent competitive advantage through reduced product cost, reduced inventory investment and improved supply chain security. A study by IDC found the SCM services market will expand from $26.1 billion in 2002 to $40.5 billion in 2007, representing a five-year compound annual growth rate (CAGR) of 9.2%

For more information, visit http://www.quintek.com.

This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements regarding potential sales, the success of the company's business, as well as statements that include the word "believe" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Quintek to differ materially from those implied or expressed by such forward-looking statements. Such factors include, among others, the risk factors included in Quintek's Annual Report on Form 10-KSB for the fiscal year ended June 30, 2006 and any subsequent reports filed with the SEC under the Exchange Act. This press release speaks as of the date first set forth above and Quintek assumes no responsibility to update the information included herein for events occurring after the date hereof. Actual results could differ materially from those anticipated due to factors such as the lack of capital, inability to timely develop products or services, inability to deliver products or services when ordered, inability of potential customers to pay for ordered products or services, and political and economic risks inherent in domestic and international trade.

Contact Information

  • CONTACTS:

    Quintek Technologies, Inc.

    Andrew Haag
    Chief Financial Officer
    (714) 848-7741, Ext. 14
    Email Contact

    Communications:

    Cinapsys, Inc.
    Mark Moline
    (760) 458-4899
    Email Contact